Saved BW Company acquired Lark Corporation's net assets on January 3, 20X2, for $629,000 cash. In addition, BW incurred $15,000 of direct costs in completing the combination. At the time of acquisition, Lark reported the following historical cost and current market data: Balance Sheet Item Book Value Fair Value Assets Cash & Receivables $ 63,000 $ 63,000 Inventory 102,000 164,000 Buildings & Equipment (net) 215,000 301,000 Patent 214,000 Total Assets $380,000 $742.000 Liabilities & Equities Accounts Payable Common Stock Additional Paid-In Capital Retained Earnings $ 21,000 $ 21,000 98,000 77,000 184,000 Total Liabilities & Equities $380,000 Required: Prepare the journal entry or entries with which BW recorded its acquisition of Lark's net assets. View transaction list Journal entry worksheet